What qualifies as Income for a Mortgage Bond | South African Real Estate

Not all income is seen the same way by the banks. In this episode we explain how banks view different income sources when calculating affordability.We cover salaries, wages, overtime, commissions, shift allowances, bonuses, rental income, maintenance, and even investment income. Each bank applies its own rules and percentages, which means not all of your earnings may count in full.We also highlight what proof you need, why consistency matters, and how a mortgage originator can help match your income to the right bank.If you are applying for your first bond or growing a property portfolio, this guide will help you understand exactly what counts as income.In this episode:00:00 Introduction00:44 Salaried Income Earner01:42 Wage Earner03:13 Overtime04:20 Commissions06:44 Shift Allowances07:18 Investment Income08:06 Bonuses09:21 Maintenance (Child Support)10:53 Rental Income13:36 Side Hustles#BondApplication #PropertyInvestingSA #HomeLoanTips #MortgageAdvice #SouthAfricaRealEstateSubscribe to us on your favourite podcast platform : Youtube: http://youtube.com/@propertycornerzaSpotify: https://shorturl.at/horJTApple Podcasts: https://shorturl.at/alFG7